TheFace: Nouf Altoaimi, Saudi Arabia’s first woman to be accredited as business valuer

Nouf Altoaimi pursued a career in medicine but soon realized it was not for her. (AN photo by Ziyad Alarfaj)
Updated 30 November 2018
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TheFace: Nouf Altoaimi, Saudi Arabia’s first woman to be accredited as business valuer

  • Altoaimi started out pursuing a career in medicine but soon realized it was not for her.
  • The young business executive says she discovered she had a love of public speaking after joining the Toastmasters club

“Ever since I was a child, my parents made me feel that nothing is impossible,” said Altoaimi, the first woman to become an officially accredited business valuer in Saudi Arabia. “I grew up within an ambitious family, as my mother created her own small business while my father excelled in his career. I grew up with the idea that success comes to those who work hard and chase it.”

Altoaimi started out pursuing a career in medicine but soon realized it was not for her.

“During my high school years I was made to believe that medicine is ‘The Choice,’ otherwise you didn’t succeed in life,” she said. “So I studied, applied and got in (to medical school). But for some reason it felt completely wrong. With the advice of the people closest to me, I realized that I should do what I wanted and what would make me feel happy and satisfied, regardless of what others say or think. This was a huge turning point in my life.”

She decided to study finance at Prince Sultan University and graduated in 2016 with first-class honors. 

“Throughout my journey at PSU I was a very active student, the annoying type you’ll see at every event the university is hosting,” said Altoaimi. “I had a desire to say ‘yes’ to every chance I got, and because of this I got the chance to travel, explore and be who I am today. Saying yes introduced me to a side of myself I didn’t realize I had. For instance, I only realized I had a love of public speaking after joining the Toastmasters club, which helped me shape the young leader in me.”

After graduating, Altoaimi joined the company EY as a trainee in its transactions team.

“While rotating between subservice lines, valuations appealed the most to me,” she said. “Valuation is an art and that is what makes it unique in the world of numbers and structured processes. It is all about subjectivity and uncertainty; there is no one right answer as your intuition and understanding are the keys. Every case is different so you learn new things every day as you’re exposed to various sectors, economies and practices.”

With the help of her colleagues and family Altoaimi started to study for accreditation in the field of business valuation.

“After completing the exams, I officially became the first female accredited business valuer (Taqeem) in Saudi Arabia,” she said. “In all my courses, except for one, I was the only woman in the room but it never felt wrong or awkward. I was never shy to ask questions and participate. I gained a great network and knowledge.

“Our voice is a gift that we should embrace and use. It will take us all the way if we stand up and let it be heard.” 


King Salman receives Saudi education officials

King Salman receives officials of theMinistry of Education and Saudi universities at Al-Yamamah Palace in Riyadh on Monday. (SPA)
Updated 11 December 2018
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King Salman receives Saudi education officials

  • The king stressed the role of education in the development of a country

RIYADH: Top officials of the Ministry of Education and Kingdom’s universities on Monday called on King Salman at Al-Yamamah Palace in Riyadh. 

The king stressed the role of education in the development of a country. Saudi Arabia ranks as the largest market for education services in the region, and it also accounts for a growing number of students enrolled in the kindergarten to grade 12 education system in the six-nation Gulf Cooperation Council. 

Strong government support over the past few years has led to the continuous expansion of the education sector by inviting private players to enter the space.

According to a study conducted by Research and Markets, the higher education industry of the Kingdom inclined at a single digit compound annual growth rate during the period 2012-2017. 

The establishment of new universities due to increased investments in the education sector was the key contributor to the augmented revenues generated by the market players.